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In the heart of Varanasi, Muslim weavers of the city’s renowned silk saris have long worked side by side with Hindu traders, their lives intertwined like the intricate patterns in the exquisite garments they craft and sell. But this delicate fabric of interfaith harmony has begun to show signs of strain.
At the root of the problem is the perceived strength of the US dollar, and the impact this has on capital outflows from Japan and other Asian economies into the greenback as yield differentials continue to widen and currency values adjust accordingly. Government bond yield differentials in favour of the United States have hovered near 400 basis points lately, while the yen has continued to weaken.
The department has already added about 20 similar officials in charge of monitoring China to the US embassies in other capitals, including Bangkok, Brussels, Rome and Sydney. The Tokyo posting will be Washington’s first of its kind in East Asia, the sources said.
Marcos told a Philippine Military Academy graduation ceremony that the Southeast Asian country faced “a blatant disregard of internationally accepted principles”.
The US ambassador to Japan stressed on Friday the importance of increased deterrence and his country’s commitment to its key ally as he visited two southwestern Japanese islands at the forefront of Tokyo’s tension with Beijing.
When it turned six months old in mid-April, the Jakarta-Bandung high-speed railway had moved 2.56 million passengers, made 7,050 trips and covered 1.26 million kilometres (783,000 miles), China’s state-owned Xinhua News Agency reported.
And now it is the turn of the residents of Fuji City to complain – this time over a scenic bridge.
The project’s supporters hail the canal as a groundbreaking and innovative endeavour that will establish Cambodia’s first-ever inland-sea link – boosting commercial activity, and benefiting domestic producers and farmers, by enabling the more competitive transport of locally-produced goods to outside markets.